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the government. we are reaching a dangerous, dangerous to pinpoint this country, and we have nancy pelosi, the minority leader saying that you cannot cut your way to deficit reduction. mind-boggling. >> it is mind-boggling. after the second world war we cut our government spending by 60 p percent. the economy boomed. we cut ourselves all the way into a bigsurplus. israel was in a catastrophic crisis in the mid 80s. it cut its way drastically to a surplus. lou: this country has a long history. >> and new zealand. lou: this country, we can b parochiaallotted for a moment, we can learn from our own experience. it is pretty clear that when we talk about, as this administration has, returning to a clintonnera tax rates, it would be a wonderful boon if we wereo be able to also return to the balanced budgets of the clinton years, if we could return to the trillion dollar peace dividend that the bush yearleft on th doorstep of the clinton years. but none of that is ever examined. also, we also are the beneficiaries of a massive technology bubble and the markets. >> plants and reduced the capital
caucus, both sides are not close on a deal to avoid the cliff, minority leader nancy pelosi ripping republican leadership from house floor in what can be described as a bizarre rant that ended with a compliment of the speaker. >> it really getting boring. it is smacks a little bit of nero, figure it out, we did. figure it out. then, go forward and continue to debate the issue. i believe he is a important of good intention, maybe that gets me into trouble my saying that. lou: to surprise of many in washington boehner appears to have support of more voters than anyone thought previously, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here, what are your thoughts? >
this kind of deal, and works with nancy pelosi and works with the white house, that he could lose his speakership over. it but he has been moving in this last week, he has been removing recall trants from committee assignments. he has been exercising the powers that he should as a leader. >> president obama is not just sitting there. he has come forward asking to raise the debt ceiling. are you following that? >> yes. >> what do you think of that, and what do you think the congress thinks of that? >> well, it has to be raised. >> that's the power of the purse. >> the power of the purse is the power to spend. congress has already authorized and appropriated all of this money. now, it wants to come back in and prevent the government from paying the debts accrued by congress itself. so there is something absurd in congress coming in behind, and saying all of am money that we appropriated, we -- this money that we appropriated, we don't want to pay for it. we want to default on the national debt. >> if he has the power to raise the debt ceiling, the defacto power to do that, is that causi
to talk about. we don't know if nancy pelosi will be speaking later on today at noon. we know president obama will be speaking. does this misstep that we were just talking about, does it hurt? is this just mcconnell really just trying to get his say into this process? >> you know, richard, i don't think so. i actually think senator mcconnell's proposal was a pretty good one regardless of who is president. president obama or then governor romney. the notion that this country every 12, 14 month is going to have this hostage taking by congress over a debt ceiling is not a way to run, you know, the largest enterprise in the world, the united states government. there's nothing in the constitution that talks about a debt ceiling. this has become kind of in the past a pro forma process that has now turned into a financial armageddon each time it comes about and i do think granting the president these additional rights and then allowing congress with a two-thirds vote to say, hold on here, that might be a more appropriate way regardless of who is the president is. but i don't think yesterday's
's, it will guaranteed, it will lose him the speakership of the house in two years. >> nancy pelosi. >> republicans lost the house majority in 2006 when they promised to cut spending and then increase it. bret bozell of for america inc. says the republicans face the same fate if after promising all year to hold the line or cut taxes they raise more. >> it's not a threat. it's a reality. if you bucked -- the republicans lost the house when they walked away from fiscal responsibility. they regained it when they recommitted themselves to the fiscal responsibility. if they abandon it yet again, it's a guarantee that the conservatives aren't going along with this. >> g.o.p. leaders reacted it will to the backlash. boehner raised $100 million for the house republican candidates this year. his proposal to increase tax revenues on the four rebel conservatives is backed by the house majority leader eric cantor with kevin mccarthy and budget committee chairman paul ryan. now they're under fire, too. >> in a perverse way, the purging was good. because it provided clairryty with what we thought was true that the le
that federal government is broken. >> it'nancy pelosi and republicans squared off on the house floor today. >> do i detect your smirk to mean you don't think the republicans will vote for middle income tax cut, mr. sessions? should i take it to mean that you will continue to hold middle income tax cuts hostag hostage? >> i just got off the phone with a senior republican who told me when a budget deal is near, usually vice president biden sent to capitol hill as a closer with no sign of biden yet because of such little progress. barring a major development for the first time he believes they may be going off the cliff. >> chris: joe biden still warming up in the bullpen. thank you, ed. don't look for interest rates to go up soon. the federal reserve says it wants to maintain a key short-term rate near zero until unemployment drops below 6.5%. fox business network senior washington correspondent peter barnes is here with a back story. good evening. in good evening, chris. the first time in the fed's 100-year history it has done something like this. tied the interest rate policy to a special
. but you've said you wouldn't support the petition by nancy pelosi. >> well, i'd like to ask leader pelosi how many discharged petitions she supported when she was speaker. i mean, the reality -- that's a little game. it's not going to be helpful. it's not going to get anything done. and no, i would never sign a discharge petition against my own speaker or my own conference. the way you do things is to negotiate. and frankly, the negotiation is going to largely involve the president of the united states and the speaker of the house of representatives. with all due respect to the other players, they're honestly less central to this. and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, the
the public has spoken and the public has been very clear on that. >> and today former speaker nancy pelosi schooled speaker boehner on what it means to make difficult decisions as a leader. take a listen to this. >> i had to do it as speaker. do you know what it was like for me to bring a bill to floor to fund the war in iraq? so it's tough. but you have to do it. so is the point that you don't want to put your members on the spot, figure it out. we did. figure it out. >> there's nancy pelosi appealing to boehner figure it out twice. how high is the level towards the speaker? >> it's very high. i think leader pelosi is absolutely right. at some point the leader is placed in that position to bring members together to do the right thing. leader pelosi when she was speaker she did an excellent job of it to bring us together to make those right decisions. and some of those decisions are hard. your entire caucus is not going to agree with you all the time, but that's the role of a leader, martin. that's what leaders do. that's why they're selected to do what they do. and so i'm hoping that he w
and nancy pelosi held duelling news conferences slamming the other side for not taking the looming crisis seriously. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slo
65 to 67. medicare eligibility age rises. democrats do not like that idea as nancy pelosi explained yesterday. >> first of all, show me the money. i don't even know why that is something that people think is going to produce money. what are we going to do with people between 65 and 67? show me the money there. but it's not even the right thing to do, first and foremost. but is it a trophy that the republicans want? is that the trophy they want in order to do what is right to raise the rates for the wealthiest people in our country? >> let me say for the record i think pelosi is right. i don't think raising the age is the right idea. i'm going to show you the money later on. but what she did not do is not rule it out. if republicans end up getting it, it's something the obama administration told john boehner they were willing to trade away if republicans end up getting it, that will feel like a big win for them. enough to unlock the tax deal. i'm not saying the final negotiation here will be easy. one thing that's a tough sticking point in negotiations. we began tonight which the whi
of punch. that's what nancy pelosi meant when she called it a trophy. republicans see this as a big win for them. big. and that's kind of the white house's quiet argument. it's a terrible policy, but because obama care and employers and others are there to catch a lot of these people, it might get more republican votes while doing less harm to seniors than the alternatives. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>>
it an exciting moment in our journey towards washington. >> and nancy pelosi predicted justice s would discard prop 8 in the dust bin of history. >> joining us now is abc 7 news legal analyst dean johnson. you've describe described this as a good day for california but not the best day. >> probably the best thing would have been if the court denied hearing prop 8. that would have meant would it have been the law within 35 days. >> how is this going to play out? when should we expect a decision? >> we don't know when cases will be argued. between february and april.uuÑ but each will have a slot. ma means we'll probably looking at a june, or july decision. >> that is soon, a fairly fast track you talked about justice kennedy being the swing vote in this. >> the case that decides both of these is lawrence versus texas that. was a case in which he was the swing vote. >> and you anticipate the same? >> the result will apply in both of the case autos thank you. >> moving on now, businesses getting ready to arm themselves with more high tech surveillance cameras after seeing how security cameras bro
the wealthy. nancy pelosi was here last night talking to the president, i'm told. we are working this issue very hard, alex, as you're probably aware, trying to figure out the state of play here. there isn't much movement here. there wasn't a lot of information to share. everyone in washington that's close to this es being very cagey. the president is actually out golfing right now. i'm told john boehner the speaker has stayed in town this weekend, somewhat unusual for him. but as far as we can see, no movement, alex. >> okay. mike, now don't go too far. you're coming back as one of our esteemed guests in today's big panel. about 1:45. you're going to get all the hard questions. it's all coming your way. we'll see you in a bit. thank you. >>> the fiscal cliff is not just a concern for americans as my next guest learned on a recent trade mission to china where he was pat of a conference organized by former u.s. treasury secretary hank paulsen. joining me now, philadelphia mayor michael nutter here in studio. good day to you. >> good seeing you, alex. >> tell me first of all what was the miss
to report. >> reporter: his democratic counter-part, nancy pelosi, blamed boehner for the stalemate. >> what they offered in return nas an empty letter, lacking in the fics. 3 dreporter: such is the state of negotiations 23 days before nhe deadline, when federal era le tax rates will revert to higher, clinton-era levels, a 2% ayroll tax cut will expire, and long-term unemployment benefits of dry up for over two million americans who have been out of work for six months or more. on friday, boehner did not rule hikea compromise on a tax hike for top earners, somewhere between today's 35% rate and the clinton-era's 39.6%. >> there are a lot of things ssat are possible to put the revenue the president seeks on the table. >> reporter: even if the two sides are making more progress behind the scenes, no one mit its them to admit it until of last minute. ederoffice of management and budget has asked all federal agencies to come up with a detailed list of possible cuts if there's no deal, maurice. >> dubois: nancy, thank you. t how is all this affecting the economy? the one sign we did see yesterday
thing and that is just crossing from nancy pelosi who says that she does not think that the debt ceiling issue is part of this fiscal cliff discussion, which is interesting, because that is different than the plan that timothy geithner brought forth. in his plan they were going to try to raise the debt ceiling indefinitely. he said it would be terrible for them to have to go back and ask permission to continue the raise the debt ceiling because owe thinks it makes the creditworthiness of the united states in play and jeopardy. an interesting development from nancy pelosi. who knows whether or not she is central to the debate going on right now. bill: there will be another briefing on benghazi. the families of the four americans killed in that attack almost three months ago say they are still in the dark about what happened to their loved ones. the father of tyrone woods one of the former navy seals saying he learned more from witness accounts about how his son died than he did from the white house. new hampshire senator kelly ayotte member of the house services committee and the budget c
. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yest
sides. on the president's side, he's got the left. he's got nancy pelosi and several other, you know, prominent democrats pushing him from the left. boehner has a more difficult path to negotiate. he's got jim demint in the senate hollering each and every day. he's got his own problems in the house, as we've just spoken to. within the context of this, jack lew, chief of staff, along with treasury geithner, is sitting there every day trying to put something together. jack lew 30 years ago was working for tip o'neill. he knows the rough architecture of a road map towards a deal. one of the keys, especially with regard to speaker boehner is, you cannot leave your opponent, speaker boehner, hanging out there to dry, getting pummeled by his own side. you've got to come to him a little. but i agree with steve rattner, the president is not going to yield on tax rates for the wealthy. he's not going to yield on that. >> he's going to have to yield in some way. i mean, maybe it's 37% that's the top tax rate. >> yeah. >> maybe you go from $250,000 to $400,000 or $250,000 to $500,000. he's goin
for we're making progress. more evidence boehner's democratic counterpart house minority leader nancy pelosi also seems to be softening her language as we head into the weekend. listen. >> what we want to do is protect the middle class. so it's not about the rate. it's about the money. >> so is 37 the magic number in this fiscal cliff debate? "outfront," two men who know taxes very well. douglas holtz-ekin, president of the american action forum and robert reich from the university of california and berkeley and former secretary under bill clinton. douglas, does this sound like code for a deal in the works? >> it certainly is good news that they aren't taking things off the table. i would be premature if i was celebrating a deal. there's a long way to go. it's important that they reach an agreement. the fiscal cliff is a very real danger to the united states economy. it's a recipe for a recession. and i certainly would not like to see the rhetoric that we saw from the treasury secretary tim geithner who said he's prepared to go over the fiscal cliff. that is not a good way to talk abo
republicans,'s going to need boehner, he can't push a crammed agenda through when like nancy pelosi was speak of the house. i don't think that president obama or the republicans want us to go over the fiscal cliff. >> jamie: angela, when i have you guys on, i want to learn a little something myself. we have a lot of new members that are going to be seated after the first of the year. so, if they come up with some partial solution, let's say, what's the impact, angela, of us having new members of congress seating into this di decision making process. is it hurtful or beneficial? >> it's always beneficial, i always think that new minds are great to come to the table to give new ideas. what we have have to stop down is putting a bandaid on it and kicking it down the road. we need true me form or we'll be talking about this a year from now. >> jamie: doug, a prediction, going over? >> i don't think so. but you bring up a good point member about the 90 house members who are going to leave and more political incentive to do it now, because with new members, they're going to have to go through the d
on about these numbers. one is is about the cuts already embedded in law which is evidently what nancy pelosi was talking about and they are absolutely embedded in law and there is no question about them. >> the problem with that is that congress has done nothing to put legislation in place to cut spending to meet those caps. and that's one of the reasons that we're now in the fiscal cliff. >> baseline budgeting has been used by both parties since 1974. allows republicans to exaggerate claims of frugality. allows democrats to expand the growth of government. either way accounting trick that no family tried to balance its checkbook could ever get away with. bret? >> bret: british bank sbc has agreed to pay money to settle a money laundering case. the justice department in the u.s. says the bank cleaned funds for narcotics traffickers in mexico and allowed illegal transactions with iran, cuba, and other nations. michigan becomes a right-to-work state with some fireworks outside the state capitol. we'll talk about what's going on with the fox all-stars when we come back. begin. tomato, ob
unacceptable, but president obama has put a lot on the table. nancy pelosi hit back at boehner's rhetoric today. >> the fact is, the president has and democrats agree, to $1.6 trillion cuts. where are the cuts? in bills that you, mr. speaker, have voted for. >> pelosi is lobbying for house republicans to hold a vote on letting tax cuts expire for the wealthiest americans. with house majority leader eric cantor and congressman paul ryan tasked with pushing boehner's plan on the tea party, it's going to be a tough sell. they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john
and nancy pelosi has said the same thing. and why i wonder -- why is this on the table? this is paul ryan's idea. >> yeah two parts to this. the first part during the election we talked about the $760 billion worth of savings that we had from medicare and the republicans railed against them as cuts and now they are asking to cut medicare. they want to protect your medicare and try to take money out of it at the same time. the second part -- >> stephanie: go ahead. >> oh sorry. >> stephanie: please phlegmy mcphlegmyson go ahead. >> you push people out in to the private insurance market and their premiums are going to be high, and it will raise generally for everybody. so not will it cost shift on to seniors who may forgo medicare because they can't afford it but it ends up raising the price of the insurance market overall. >> stephanie: and it is one of those things politically that oh that seems reasonable, and a concession we could make. but once again, they lost. a leading medicare expert says this has surpricing ripple effects. and the justification is people are l
and that's part of how we should go forward. jenna: that was house minority leader nancy pelosi late last month,g democrats in congress support ad trillion dollars in federal spending cuts. with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we heard from nancy pelosi. democrats agreed to over a trillion dollars in cuts as part of the budget control act in 2011. indeed hear is the document. letter from cbo to spiker boehner laying out $915 billion in cuts between 2012 and to 21. the brookings institution it is a fact, she says pelosi was right. listen up. >> there are two different conversation going on about these numbers. one is about the cuts that are already embedded in law which is evidently what nancy pelosi was talking about and they are absolutely
you this. house democrats, many democrats nancy pelosi and others have been vehicle toll say we don't need to give that much if there is a deal. that democrats they won the election, president obama campaigned on many things that he's pushing. one, do you agree? number two, what role, if that is the role of house democrats what role can house democrats play in influencing that process since this is being cast as president obama and john bain somewhere nobody else. >> the role that the house democrats have played all along that is we continue to put forward an agenda that is acceptable to all sides. as i mentioned, jobs, first and foremost. back home, chris, they're not talking about sequestration. they're saying, look, why can't you guys get together and create the jobs that we need? only within the beltway do we become obsessed with this thing. they expect as adults we'll sit down and work this through. i believe that will happen. i believe the democrats, especially the house, have to remain crystal clear on what we're for. for the creation of jobs, for tax cuts for the middle clas
't reached. here's what nancy pelosi had to say about geithner's remarks. let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the
and representative nancy pelosi have been excluded from talks leaving it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of leverage n. a rare misstep, mcconnell may have taken some of that leverage away in a move that ended with mcconnell filibustering himself. the president doesn't have enough democratic support, mcconnell moved to vote to permanently give the president the rate to approve the debt ceiling. reid shocked mcconnell by calling the idea of having that vote a positive development. forcing him to reject a vote he had called for himself. >> is there objection? >> reserving the right to object, matters of this controversy -- what we're talking about here is
this in an acceptable way for the american people. >> woodruff: but house minority leader nancy pelosi fired back that republicans are the ones holding everything up. >> if we were waiting for something, we would say it's well worth the wait. but we're just-- the republicans are just delaying-- just delaying, delaying, delaying, and that's not responsible. >> woodruff: and federal reserve chairman ben bernanke warned again that delay is dangerous. >> well, cleary the fiscal cliff is having affects on the economy, even though we're not yet even reached the point of the fiscal cliff potentially kicking in, it's already affecting biz investment and hiring decisions by creating uncertainty, or creating pessimism. >> woodruff: all of which threatened to cast a pall over the holidays, at the capitol, and just about everywhere else. and that brings us to our continuing series of conversations on this topic. tonight, one of the more outspoken voices against raising taxes. grover norquist is a conservative lobbyist and the president of americans for tax reform. most famously, he's known for getting many e
. and even nancy pelosi has said, look, this is not about rates. it's about revenue. it's about getting the money we need in order to reduce these deficits. so you've got to have spending cuts and you've got to have some revenue to get this done. >> schieffer: let me ask senator simpson. the "new york times" crunched numbers for the tax inn creases for the wealthy and determined even if the rates go back up to the clinton-era rates it would only give us about a quarter of the needed revenue. so what other things can be done? what other taxes have to be raised or where do you get the money to get us to where we need to be? >> well, you go into the tax code, as i say but it's going to take too much time to do that. but there is no possibility to do this, not a single economist who talked to us in our hearings, said we can't grow our way out of this thing if we had double-digit growth for 20 years. you can't cut spending your way out of this baby or you're going to are you ruin a very fragile economy and an emerging and helpful nation and you can't tax your way out of this baby. this is im
. >> bill o'reilly. >> stephanie: all right. representative nancy pelosi. >> what they offered in return was an empty letter. lacking in specifics. >> stephanie: all right. boehner, this was after the meeting on friday. at the white house. >> this isn't a progress report because there is no progress to report. >> it is clever. >> stephanie: jim's impression is slightly more drunk than boehner sounds. >> can we hear that again? >> stephanie: yes. >> this isn't a progress report because there's no progress to report. >> there's no progress to report. ha ha! >> stephanie: he's drifting into tom delayish territory. >> wow! >> conservatives saw the savagery of 9-11 and the effects in the tax -- prepared for war. liberals saw this -- savagery of 9-11 of the tax and wanted to prepare indictments. and offer therapeutic understanding for our attackers. that's not slander. that's the truth. >> that is a totally drunk uncle. oh god. >> kids these days. >> stephanie: i like the ones where he takes four tries at th
? >> reporter: a very interesting moment when the former democratic house speaker nancy pelosi had blunt advice for the current republican house speaker in terms of learning how to get his caucus together to find a deal that can actually pass congress and that the president will sign and those blunt words were, quote, figure it out. sources of both parties say a tuesday evening phone call between the president and speaker boehner did not go well. >> well, the president and i had a deliberate call yesterday and we spoke honestly and openly about the differences that we face. >> cnn has learned at least part of the reason why. tuesday's gop counteroffer included a renewed explicit call for a, quote, permanent extension of bush era tack cuts for the top 2% of americans. according to a democratic source familiar with the language. the democratic source argued that proposing to permanently extend tax cuts for the wealthy that the president calls a nonstarter shows that republicans are either, quote, unwilling or unable to make an offer they can pass and the president will sign. >> those magic beans
the president's demand in the past half-hour. nancy pelosi renewed her call for an immediate house vote on a bill that would extend current tax rates or the -- for the middle school and increase tax increases for the wealthiest, 2% of the americans. >> if the republicans agree to bringing up the middle income tax cut, which i hope they will, that will be a victory for the american people. that's why we're here. and the cliff, which is becoming more of a slope, if they do that. >> reporter: john boehner met with house republicans. he's about to hold a news conference. he will be speaking in a few minutes. he's facing a potential revolt within his party if he caves to the pressure from the president and lets the tax rates go up. president obama is meeting with business leaders about all of this right now and we expect to hear with him -- from him within the hour. alison burns, ktvu channel 2 news. >>> 7:16. florida republican senator marco rubio said republicans should take a strong stand against president obama's plan to raise taxes on upper income americans. last night, he was honored w
economic certainty. here is more from nancy pelosi making her case. >> i consider what the republicans agree with the tax cut, but that will be a victory for the american people, and that is why we are here. i would hope that would break the fall of the fiscal cliff, which is becoming more of a slope. but we really do need to put down a down payment. reporter: a lot of maneuvering going on. steny hoyer predicted there would be movement and private in the coming days with lawmakers leaving for the weekend. perhaps that peace and quiet will be helpful. jenna: thank you so much. jenna: superstorm sandy swept away their homes, and now they are demanding action to protect against this kind of damage in the future. we will tell you about that. and an american astronaut gets ready to spend a year in outer space [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. >> today i am pledging to cut the
congress. he submitted his cap and trade proposal when the democrats controlled the house and senate. nancy pelosi got passed in the house. now this group is going to the epa in saying that you just do it, crack down on these admissions yourself. the supreme court has said that you have this power. go for it. the eta said no, for now. reporter: the epa probably wishes that the group had not said so out loud. it is probably not helpful to have outside. the original proposals that the epa talked about earlier in the president's first term related to really tough standards that would essentially make it an economic impossibility to use coal, which still is the preponderance of america's electrical generation power. epa backed off of that. the epa is going to crack down very hard in months to come with the president having been reelected. environmentalists like that because it is a means to a cap-and-trade or means to a carbon cap. without having to go through congress were without having to get ratification of the u.n. treaty. megyn: it is another system. it looks kind of like cap-and-trade fr
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